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After you qualify as a CAA

Now that you’re a qualified CAA, you have the opportunity to join one of the associations that are a part of CAA Global

You can opt to join the Institute and Faculty of Actuaries (IFoA), based in the United Kingdom or the SOA Center for Certified Actuarial Analysts, a subsidiary of the Society of Actuaries (SOA), based in the United States.

CAA Pathway

Once you’ve qualified as a Certified Actuarial Analyst, are there routes to the IFoA Associate and Fellowship qualifications?

Having qualified as a CAA and gained some valuable work experience, you may wish to consider embarking on an actuarial career by undertaking the professional IFoA examinations through to Associate and Fellow.

The studying you have undertaken will prepare you for the core principle subjects, in particular the Actuarial Statistics (CS) and Actuarial Mathematics (CM) subjects, which we suggest you should attempt first. 

The IFoA has developed a pathway to provide an opportunity to gain some exemptions from these two subjects. This currently involves some additional formal assessments to ensure that material not studied during your CAA has been appropriately covered. If you wish to continue with your professional studies and qualify as an actuary, through the IFoA examination route the following exemptions are available to you:

  • Exemption from CS1 providing you sit a problem based assessment and a short paper (1.5 hrs) covering the gaps in the CAA syllabus
  • Exemption from CM1 providing you sit a problem based assessment and a short paper (1.5hrs) covering the gaps in the CAA syllabus

These pathway assessments will be made available subject to candidate demand.  As we will only run these assessments when there is sufficient candidate demand, please contact the Member Service team for guidance before committing to this study pathway.

Benefits of IFoA membership 

If you decide to join the IFoA you will be eligible for benefits such as:

  • Professional recognition
    You are part of a highly respected profession. Your membership of a globally respected actuarial body will be recognised, wherever you are in the world
     
  • Employability
    Your commitment to life-long learning and development allows you to enjoy a rewarding and successful career
     
  • Community
    You are part of a global community which will support your development and encourage you to share ideas and advice
     
  • Support
    Whether it is our extensive library resources, our exam counselling service, or guidance on ethical and technical enquiries that may arise in your day-to-day actuarial work we will support you no matter what stage of your career you are at
     
  • Research and knowledge
    You have access to a range of high quality focused publications, journals and events. You can contribute to and access original research that advances actuarial science
     
  • Regulation
    As a regulated professional you have credibility as an expert that is internationally recognised
     
  • Promotion and policy development
    You are a member of a Royal Chartered professional body with a remit to act in the public interest. We actively seek opportunities for actuaries to contribute to public policy debates, helping secure a healthy future for the profession

Please view our membership page on gaining Certified Actuarial Analyst membership  to understand how to become a member of the IFoA now that you are qualified.

Contact Details

CAA Administration Team

enquiries@caa-global.org

CAA Global, c/o Institute and Faculty of Actuaries, 1st Floor, Park Central, 40-41 Park End Street, Oxford OX1 1JD

+44 (0) 1865 268 266

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Events calendar

  • Spaces available

    We’ve all heard about the gender pay gap. Sadly, the gap doesn’t just exist with base pay.

    Research carried out by Legal & General in 2021 across the four million members in our Defined Contribution (DC) pensions, found that there’s a gender pension gap too, continuing the divide between men and women.

  • Spaces available

    As current global events continue to demonstrate, geopolitical tensions present significant risks to corporates of all sizes. However, these types of risk are often not given the discussion time it needs at the board level or executive committee levels, nor the resources required to anticipate, analyse and mitigate them effectively.

  • Spaces available

    At retirement, it has become very popular for those with Defined Contribution (DC) pensions to choose drawdown rather than an annuity, but drawing a sustainable lifetime income in this way is an impossible challenge for most people. We consider a Decumulation Pathway for the typical consumer, where a small part of the DC fund is set aside for any flexible access and legacy requirements. The bulk is then used to provide a lifetime income, utilising the pooling or insuring of longevity risk.

  • CILA 2022

    23 May 2022 - 24 May 2022

    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.

  • Spaces available

    In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.

    The Business of the AGM

  • The IFoA Conference 2022

    133 Liverpool St, London EC3A 7BX and Online
    22 June 2022 - 23 June 2022
    Spaces available

    We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.